Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 6,156, 2,481 total housing units (homes and apartments), and a median house value of $256,735, Braidwood real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Braidwood, accounting for 71.03% of the city's housing units. Other types of housing that are prevalent in Braidwood include mobile homes or trailers ( 19.52%), row houses and other attached homes ( 6.04%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.18%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Braidwood. Owner-occupied housing accounts for 80.31% of Braidwood's homes, and 62.47% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Braidwood built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Braidwood built between 2000 and later ( 30.43%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.89%). There's also some housing in Braidwood built before 1939 ( 4.91%).
Vacant housing appears to be an issue in Braidwood. Fully 15.35% of the housing stock is classified as vacant. Left unchecked, vacant Braidwood homes and apartments can be a drag on the real estate market, holding Braidwood real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Braidwood's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Braidwood during the period has been just 5.27%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Braidwood's appreciation rate, at 7.08%, has been at or slightly above the national average. In the latest quarter, Braidwood's appreciation rate has been 2.79%, which annualizes to a rate of 11.63%.
Relative to Illinois, our data show that Braidwood's latest annual appreciation rate is lower than 60% of the other cities and towns in Illinois.
$256,735
for Illinois
for nation
2,481
$1,948 / per month